Segall Bryant & Hamill LLC Acquires 30,721 Shares of Republic Services, Inc. (NYSE:RSG)

Segall Bryant & Hamill LLC lifted its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 50.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 91,761 shares of the business services provider's stock after acquiring an additional 30,721 shares during the quarter. Segall Bryant & Hamill LLC's holdings in Republic Services were worth $22,221,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Golden State Wealth Management LLC increased its holdings in shares of Republic Services by 3,533.3% in the first quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock worth $26,000 after buying an additional 106 shares during the period. Key Financial Inc lifted its position in Republic Services by 380.8% in the first quarter. Key Financial Inc now owns 125 shares of the business services provider's stock valued at $30,000 after purchasing an additional 99 shares during the last quarter. New Age Alpha Advisors LLC grew its holdings in shares of Republic Services by 70.2% in the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock worth $36,000 after purchasing an additional 73 shares during the last quarter. Park Square Financial Group LLC purchased a new position in shares of Republic Services in the fourth quarter worth $44,000. Finally, Generali Asset Management SPA SGR purchased a new stake in Republic Services during the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. UBS Group boosted their target price on Republic Services from $240.00 to $250.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. National Bank Financial upgraded shares of Republic Services to a "hold" rating in a report on Monday, May 26th. Seaport Res Ptn upgraded shares of Republic Services to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, Wall Street Zen cut shares of Republic Services from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $255.21.

Republic Services Stock Down 0.6%

Shares of NYSE:RSG traded down $1.44 during trading on Thursday, reaching $239.91. 1,147,138 shares of the stock traded hands, compared to its average volume of 1,156,295. The stock has a market cap of $74.97 billion, a P/E ratio of 36.21, a price-to-earnings-growth ratio of 3.66 and a beta of 0.61. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a 50-day moving average of $247.61 and a two-hundred day moving average of $235.40. Republic Services, Inc. has a 52-week low of $188.82 and a 52-week high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.05. Republic Services had a return on equity of 18.28% and a net margin of 12.88%. The firm had revenue of $4.01 billion during the quarter, compared to analysts' expectations of $4.08 billion. During the same quarter in the previous year, the business earned $1.45 earnings per share. The company's revenue was up 3.8% on a year-over-year basis. As a group, sell-side analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd were given a dividend of $0.58 per share. The ex-dividend date was Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.97%. Republic Services's dividend payout ratio (DPR) is 34.99%.

Republic Services Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.